Form 4: SoundHound AI CEO Keyvan Mohajer Reports Equity Transactions, Including PSU Vesting and Tax-Related Share Sales
Insider Transaction Report
SoundHound AI CEO Keyvan Mohajer reported the vesting of 240,000 performance stock units and subsequent sales of 254,376 shares to cover tax withholding obligations, resulting in a net decrease of 14,376 shares in his direct beneficial ownership.
Summary
- Keyvan Mohajer, CEO, Director, and 10% Owner of SoundHound AI, Inc. (SOUN), reported equity transactions on June 20, 2025.
- He acquired 240,000 shares of Class A Common Stock at $0.00 per share due to the vesting of Performance Stock Units (PSUs) originally granted on July 20, 2022, indicating the achievement of specific performance criteria.
- Concurrently, he sold 122,712 shares of Class A Common Stock at $9.3559 per share to satisfy tax withholding obligations related to the vested PSUs from July 20, 2022.
- Additionally, he sold 131,664 shares of Class A Common Stock at $9.3559 per share to satisfy tax withholding obligations for Restricted Stock Units (RSUs) granted on July 20, 2022, September 7, 2022, August 3, 2023, and August 1, 2024.
- Following these transactions, Keyvan Mohajer's direct beneficial ownership of Class A Common Stock stands at 1,749,790 shares.
Sentiment
Score: 6
Explanation: The vesting of performance-based equity is a positive sign of achieved company goals. The subsequent sales are for tax purposes, which are routine and expected, thus not significantly negative, leading to a slightly positive overall sentiment.
Positives
- The vesting of 240,000 Performance Stock Units (PSUs) indicates that specific performance criteria set by the company were achieved.
Negatives
- Keyvan Mohajer sold a total of 254,376 shares (122,712 + 131,664) of Class A Common Stock, resulting in a net reduction of 14,376 shares in his direct beneficial ownership after accounting for the vested PSUs.
- The sales, while for tax purposes, represent a reduction in direct insider holdings.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The vesting of PSUs indicates the company met certain performance targets, which is generally positive. The sale of shares for tax purposes results in a minor net reduction in the CEO's direct ownership, which is a common occurrence and not typically viewed negatively unless it signals a lack of confidence.
Key Dates
| Date | Description |
|---|---|
| 2022-05-05 | Date Keyvan Mohajer signed the Limited Power of Attorney for Section 16(a) reporting. |
| 2022-07-20 | Original grant date for certain Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) that vested and led to share sales for tax withholding. |
| 2022-09-07 | Grant date for certain Restricted Stock Units (RSUs) that vested and led to share sales for tax withholding. |
| 2023-08-03 | Grant date for certain Restricted Stock Units (RSUs) that vested and led to share sales for tax withholding. |
| 2024-08-01 | Grant date for certain Restricted Stock Units (RSUs) that vested and led to share sales for tax withholding. |
| 2025-06-20 | Date of reported transactions, including PSU vesting and share sales for tax withholding. |
| 2025-06-24 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
SoundHound AI, SOUN, SEC Form 4, Insider Trading, Keyvan Mohajer, CEO, Performance Stock Units, Restricted Stock Units, Equity Compensation, Share Vesting, Tax Withholding, Beneficial Ownership
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